Watch List notes:

Caracalla AR Denarius. Rome, AD 196. M AVR ANTONINVS CAES, bareheaded, draped and cuirassed bust right / SPEI PERPETVAE, Spes advancing left, holding flower and raising skirt. RIC IV 5; BMCRE 190-192 (Wars of the Succession); RSC 594 . 3.32g, 18mm, 12h.

Very Fine. Scarce.

From the inventory of a European dealer;
Ex Roma Numismatics Ltd, E-Sale 62, 17 October 2019, lot 945.